Bcp Investment Corporation · NASDAQ:BCIC
Bcp Investment — Q2 2026 Earnings Presentation
18 slides from Bcp Investment's earnings presentation, Aug 7, 2026
Slide 1: BCP Investment Corporation Q2 2026 Earnings Presentation
BCP Investment Corporation Q2 2026 Earnings Presentation August 7, 2026
Slide 2: Important Information
Important Information Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements. The matters discussed in this presentation, as well as in future oral and written statements by management of BCP Investment Corporation (“BCIC” or the “Company”), t
Slide 3: Quarterly Highlights
Quarterly Highlights Second Quarter 2026 • Core investment income(1) of $12.9 million for the second quarter, as compared to $14.8 million for the first quarter of 2026 and $12.6 million for the second quarter of 2025. • Net investment income of $5.5 million ($0.45 per share) for the quarter, compar
Slide 4: Quarterly Highlights: Recent Milestones & Upcoming Initiatives
Quarterly Highlights Recent Milestones & Upcoming Initiatives Merger and Rebranding: ▪ On July 15, 2025, the Company closed its merger with Logan Ridge Finance Corporation (“LRFC Acquisition”) and, following a rebrand in August, began operating as BCP Investment Corporation, continuing to trade on N
Slide 5: Financial Highlights
Financial Highlights For the Three Months Ended (Dollar amounts in thousands) June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 Total Investment Income $12,630 $18,940 $17,464 $17,598 $15,165 Less: Purchase discount accretion — (3,618) (3,261) (2,776) (2,227) Core inves
Slide 6: Repayment Activity
Repayment Activity Over the last three years, BCIC has experienced an average of ~$0.3 million in income related to repayment / prepayment activity. Paydow n Incom e by Q uarter($ in 000s) 1,0 00 90 0 800 70 0 60 0 50 0 400 Quarterly Average: $277 300 20 0 $114 10 0 - Jun-23 Sep-23 Dec-23 Mar-24 Jun
Slide 7: Core Earnings Analysis
Core Earnings Analysis For the Three Months Ended (Dollar amounts in thousands) March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 Interest Income: Non-controlled/non-affiliated investments $7,300 $8,463 $13,295 $13,146 $11,344 $10,744 Non-controlled affil
Slide 8: Net Asset Value Roll Forward
Net Asset Value Roll Forward For the Three Months Ended (Dollar amounts in thousands) June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 NAV, Beginning of Period $173,511 $164,729 $231,304 $209,156 $193,005 Net investment income 4,557 8,848 7,387 6,890 5,518 Net realized
Slide 9: BCIC Portfolio Composition
BCIC Portfolio Composition As of June 30, 2026 Key Statistics Diversification by Borrower(3) 5.4% 4.9% Top 5 Borrowers Key Statistics Borrower 1 3.5% 20.3% Total Investments at Fair Value $452.7 million 3.3% Borrower 2 3.2% Weighted Average Annualized Yield on Investments(1) 12.0% Borrower 3 41.6% B
Slide 10: Portfolio Trends
Portfolio Trends(1)(2) As of June 30, 2026 As of (Dollar amounts in thousands) June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 Portfolio Sourcing (at Fair Value): BC Partners $322,989 $425,230 $391,331 $373,138 $349,632 Legacy KCAP 16,814 14,028 13,925 12,638 9,911 Le
Slide 11: Credit Quality
Credit Quality As of June 30, 2026 As of June 30, 2026, eleven of the Company’s debt investments, attributable to seven portfolio companies, were on non-accrual status and represented 3.1% and 5.7% of the Company’s investment portfolio at fair value and amortized cost, respectively. For a subset of
Slide 12: Portfolio Composition
Portfolio Composition(1) As of June 30, 2026 As of (1) Investment Portfolio (Dollar amounts in thousands) June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 First Lien Debt $291,071 $386,403 $344,126 $321,125 $287,110 Second Lien Debt 30,276 38,994 42,183 38,495 38,056 S
Slide 13: Appendix
Appendix BCP Investment Corporation
Slide 14: Consolidated Statements of Assets and Liabilities
Consolidated Statements of Assets and Liabilities As of June 30, 2026 and December 31, 2025 As of (Dollar amounts in thousands) June 30, 2026 December 31, 2025 ASSETS (Unaudited) Non-controlled/non-affiliated investments (amortized cost of $381,680 and $433,213, respectively) $346,365 $409,735 Non-c
Slide 15: Consolidated Statements of Operations
Consolidated Statements of Operations For the Three Months Ended June 30, For the Six Months Ended June 30, (Dollar amounts in thousands) 2026 2025 2026 2025 INVESTMENT INCOME (Unaudited) (Unaudited) (Unaudited) (Unaudited) Interest income: Non-controlled/non-affiliated investments $10,744 $8,463 $2
Slide 16: Financing Profile
Financing Profile Overview of Balance Sheet Financing Facilities Principal Amount Committed Principal Amount Outstanding As of June 30, 2026 Interest Rate Maturity Date (in mm) (in mm) 2026 Notes $50.0 $10.0 Fixed / 5.25% October 2026 2028 Notes 35.0 35.0 Fixed / 7.50% October 2028 2029 Notes 50.0 5
Slide 17: Distribution Information
Distribution Information 2026 Dividend Payment Schedule Declaration Date Record Date Payment Date Distribution Type Distribution Per Share 8/6/2026 12/15/2026 12/30/2026 Base $0.09 8/6/2026 11/23/2026 12/4/2026 Base $0.09 8/6/2026 10/15/2026 10/30/2026 Base $0.09 5/7/2026 9/15/2026 9/30/2026 Base $0
Slide 18: Corporate Information
Corporate Information Board of Directors Senior Management Research Coverage Ted Goldthorpe Ted Goldthorpe Paul Johnson Interested Director and Chairman of the Board Chief Executive Officer Keefe Bruyette & Woods Patrick Schafer Brandon Satoren Erik Zwick Interested Director Chief Financial Officer